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Allied World celebrates 10th birthday ay the NYSE

Executives of Allied World Assurance Company celebrated the re/insurer’s tenth birthday by ringing the bell to signal the start of trading at the New York Stock Exchange last week.

CEO Scott Carmilani pressed the button as a group of colleagues applauded on a balcony inside the Wall Street institution.

Allied World started up in Bermuda to help meet the spike in demand for insurance capacity after the September 11 terrorist attacks in 2001.

It has since expanded globally and its corporate domicile is now in Switzerland, although it maintains substantial underwriting operations in Bermuda.

“Allied World has enjoyed a remarkable journey over the last 10 years,” said Frank D’Orazio, president and chief underwriting officer, Bermuda and International Insurance.

“Our company’s evolution from a Bermuda start-up with four employees to a global enterprise with 15 offices worldwide is a testament to our entrepreneurial spirit and the strength of our very talented staff.

“We look forward to continued success as we remain dedicated to the fundamentals that have guided us thus far.”

Tenth birthday party: Allied World CEO Scott Carmilani rings the bell at the New York Stock Exchange

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Published November 14, 2011 at 1:00 am (Updated November 14, 2011 at 8:37 am)

Allied World celebrates 10th birthday ay the NYSE

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